Conn’s Inc. (NASDAQ:CONN) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $6.64 and last traded at $6.67, with a volume of 273,102 shares. The stock had previously closed at $6.96.

Several brokerages recently commented on CONN. Zacks Investment Research raised Conn’s from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Cos. cut Conn’s from an “overweight” rating to a “neutral” rating in a research report on Friday, June 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.

The stock’s 50-day moving average price is $7.41 and its 200-day moving average price is $11.96. The firm has a market capitalization of $215.81 million and a price-to-earnings ratio of 45.35.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, June 2nd. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.37. The firm had revenue of $319.04 million for the quarter, compared to analysts’ expectations of $393.16 million. Conn’s’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. Equities analysts predict that Conn’s Inc. will post ($0.14) EPS for the current fiscal year.

In other Conn’s news, Director William E. Saunders, Jr. purchased 10,000 shares of the stock in a transaction on Friday, June 24th. The shares were bought at an average cost of $7.60 per share, with a total value of $76,000.00. Following the completion of the acquisition, the director now owns 20,227 shares in the company, valued at $153,725.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Luxor Capital Group, Lp sold 1,067,225 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $8.86, for a total transaction of $9,455,613.50. The disclosure for this sale can be found here.

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

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